Climate budget

Tampere’s climate budget incorporates climate action into the city’s budget and financial statements. It is used for monitoring the progress towards the goal of carbon neutrality and the adequacy of implemented actions. At the same time, the goal of climate neutrality becomes more concrete in the annual budget. The climate budget provides information for decision-making and increases transparency for residents.

Tampere’s climate budget consists of two parts: 
1. the climate emissions budget, and 
2. the financial plan for climate actions.

The emissions budget is the annual maximum amount of greenhouse gas emissions. It demonstrates the maximum amount of city-level emissions for different sectors in line with the goal of reaching carbon neutrality.

The financial plan describes the financial resources budgeted for climate action. It includes an itemised list of funds that have been allocated for climate change mitigation, adaptation measures and the promotion of sustainable mobility within the operational economy and investments in the city organisation’s regular budget. For the subsidiaries of the City Group, only investments are considered.

The climate budget is used for monitoring costs and emissions on a yearly basis, in conjunction with the financial statements. The climate budget was first presented in the 2020 budget.

The City of Tampere is involved in the international Climate-4-CAST project, which is developing and piloting an open source tool to support climate budgeting. The Climate Action Decision Support Tool  is largely based on the work of Tampere, taking inspiration from the existing climate budgeting in Tampere.